chicago-executive-airport-fy2026-proposed-budget_00a.pdf
Northbrook Bank & Trust Provides Ongoing Airport Loan Services
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Description
Northbrook Bank and Trust continues as the lender for Chicago Executive Airport's NE T-Hangar, RSA Land, and U.S. Customs facility loans, with over $500,000 in debt service payments scheduled for FY26.
Contract Details
Contract Amount
Loan principal/interest totaling $404,871 (FY26) + $107,675 (interest)
Vendor
NORTHBROOK BANK & TRUST
Agency
City of Prospect Heights, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 30, 2025
Contract Term
Loans mature May 2030 (NE T-Hangars and RSA Land), U.S. Customs Balloon December 2030
Renewal Date
2030-12-01
Renewal Info
Loan amortization through May 2030 (NE T-Hangars, RSA) and December 2030 (U.S. Customs facility); balloon payments due at maturity.
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